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Results (10,000+)
Amol K. Timing of next property for interest deduction
17 November 2020 | 1 reply
The interest expense on borrowed funds that are not paid out or used and simply held in the bank account is treated as investment interest because cash reserves are treated as an investment property.Its is extremely easy to trace interest if you keep separate accounts: If you borrow $15k and use that to buy systems for your business, that is a business interest and deducted as business interest.2) If you borrow another 20k and use the funds to buy the limited partnership interest in another partnership, the interest expenses are passive activity interest expense (Losses resulting from passive income are subject to limitation due to passive activity loss and at-risk rules) 3) If you borrow another 30k to invest in the investment property, the interest on the loan is an investment expense.
Andrew M. Conventional Lending Question
20 November 2020 | 9 replies
The lender is telling us that even though the other 11 are now treated as jointly for #12 and they are denying the loans based upon the fact that we are not allowed to have more than 10 loans.She is trying to now underwrite one of us singly to see if we qualify, but we were supposed to close in four days and it would be great to save her the time and hassle and close on time.
Chris Seveney When To Deboard A Loan
18 November 2020 | 2 replies
Question came up and curious as to how others treat this.
Dan Burstain October and YTD MLS Statistics for Austin
20 November 2020 | 3 replies
Buyers in the New Home market find that the builders treat them like kings and queens.Total Sold Units are UP year to date comparing 2019 and 2020.
Account Closed Wholesale real estate
21 November 2020 | 5 replies
NO.The wholesale deal is treated as earned income.
Christian Walker What should I tell my Dad?
23 November 2020 | 69 replies
I have found that when doing business with family, the more you treat it like business the more they respect you.
Eugenia K. Is there value in building a portfolio of 2-4plexes?
2 December 2020 | 5 replies
They are all treated equally regardless of size. 
Tyana Blackledge How do i start flipping houses by myself?
5 December 2020 | 47 replies
Start treating the real estate business the same way you're treating your psychology business.
Luke H. Pros: Would you rent to these applicants?
3 December 2020 | 14 replies
One lease....... the 3 tenants are to be treated as one...... if the rent doesn't get paid, they all get evicted.
Randy Jarrett Cleaning and damages when Renters Divorce & one Renter stays?
3 December 2020 | 3 replies
Their lawyers can figure it out.If you do decide to go the other way treat t just like a move out.